📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Galaxy Digital: The scale of loans in the Crypto Assets market rose by 27% quarter-on-quarter in the second quarter, reaching 53.1 billion USD.
According to Techub News, Galaxy Research has released a report indicating that the scale of cryptocurrency market loans in the second quarter rose by 27% quarter-on-quarter to $53.1 billion, reaching a new high since early 2022, mainly driven by increased DeFi lending demand and a rebound in risk appetite. Recently, Bitcoin has fallen from $124,000 to $118,000, triggering over $1 billion in long position liquidations, the largest scale since August. Analysts believe this is more like a profit-taking event, but it also highlights the market vulnerability caused by rapid leverage accumulation. Meanwhile, the lending cost of USDC in the off-chain market has continued to rise since July, while on-chain interest rates have remained stable, with the spread between the two expanding to the highest level since the end of 2024, indicating that off-chain dollar demand exceeds on-chain liquidity. Galaxy warns that under the backdrop of a surge in loan scale, concentrated borrowing, and tightening liquidity, systemic pressure is increasing, and the recent $1 billion liquidation event reminds the market that leverage risks have a bidirectional effect.